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Master the PRIMES

Leading Blog

Fixing involves corporate improvement programs like Activity Based Costing, Six Sigma and others.”These Marketing is inept (BELIEF).”. The distinction between fixing or creating is important and requires a different approach. What kind of problem are you trying to solve? How skilled are you at creating nothing?

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Do You Know What Your Company’s Data Is Worth?

Harvard Business Review

Data contributes not only to brand equity, but to what constitutes product and service delivery in globally connected and hyper-competitive markets. Between 2013 and 2015 cyber-crime costs quadrupled, with the reported incidence rate growing exponentially. Today most organizations are data-driven to one degree or another.

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Zero-Based Budgeting Is Not a Wonder Diet for Companies

Harvard Business Review

ZBB’s resurgence is further fueled by the uncertain markets hindering many companies’ efforts to attract fresh capital, as we see venture capital and private equity funds increasingly pushing ZBB on their portfolio companies, in the hope of securing a more rapid and profitable exit on their investments.

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How to Design a Bundled Payment Around Value

Harvard Business Review

The Boston Shoulder Institute wanted to enter the negotiation with an in-depth understanding of all its costs over a typical RCR-care cycle, something that it could not learn from its existing costing systems. They began by taking a careful inventory of resource needs and usage for each process in the cycle.

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The Mayo Clinic Model for Running a Value-Improvement Program

Harvard Business Review

These efforts were part of the providers’ quest to increase the value of their care delivery — in other words, achieve better outcomes at the lowest-possible cost. One of the team’s central findings is that TDABC cannot be delegated to the finance function.

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Case Study: When to Drop an Unprofitable Customer

Harvard Business Review

The lack of traceability and transparency extended to the costs for specialized equipment that was used only for particular products or customers. Tommy, an avid reader of the business literature, wanted Egan to adopt an activity-based costing , or ABC, approach. It should be to win in every one of our chosen markets.